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Home Equity Line of Credit (HELOC)

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Home Loans—Provided by Quicken® Loans®

Home Equity Line of Credit (HELOC)

Looking to use the home equity you've built in your home? Get a competitive-rate home equity line of credit (HELOC), with no prepayment penalties or balance requirements and a quick closing, through Schwab Bank's home equity lending program provided by Quicken Loans—the nation's largest online mortgage lender with over 25 years of experience.

DEDICATED SERVICE
Receive helpful guidance at every step.
MORE CONVENIENCE
Experience a quick closing on your HELOC.
GREAT VALUE
No prepayment penalties or balance requirements.


Ready to take advantage of your home's equity? Get Started Call 877-535-4021
Mon.–Fri., 8 a.m.–9 p.m. ET;
 Sat., 8 a.m.–4 p.m. ET


Comparison Interest Rates

Based on current rates in San Francisco, CA.

Lender Institution Interest Rate Prepay Penalty Annual Fee
Schwab Bank 3.990% (APR)2 No No
Wells Fargo 4.625% Yes $75
Bank of America 4.970% Yes $0
Citibank 4.990% Yes $50
Chase 5.130%1 No $50

Source: Informa Research Services, Inc., Calabasas, CA, www.informars.com. Although the information has been obtained from the various institutions themselves, the accuracy cannot be guaranteed. Comparison rates are based on a $100,000 line of credit secured by a owner-occupied primary residence, a combined loan-to-value ratio of 75%, no application fee, and no minimum initial draw requirement. Rates shown do not reflect relationship or auto debit discounts. Other discounts may be available. Rates quoted as of April 4, 2014, and may vary by region.


Insight & Commentary

 

Equal Housing Lender/Member FDIC Charles Schwab Bank